I don't know if I even have to explain this chart. Is just too easy to see.
The number of SP:SPX stocks above its 200-day MA confirmes a bear market when crosses below 50, and confirms a bull market when crosses above the same level and stays there.
It has happened for the last 3 bear markets.
Also, is good to point out that is better to use it for bottoms...
USDT.D on the daily getting rejected at fibonacci golden ratio and daily breaking down below 20MA and neckline at 5.83% will further anticipate in drop of USDT. dominance followed by bullish momentum in upcoming days.
As you can see by the lines drawn that the Bull Market is still intact and as of right now this is a blip on the screen. But I want to say that this could turn on a dime if consumer confidence takes a big hit because the consumer is almost 80% of our entire economy so if that takes a hit then all bets are off. But until that happens we are still in a defined Bull...
